Thursday, 07 June 2007

S&P raises Qwest Corp.'s senior unsecured rating

(Reuters) - Qwest Corp.'s senior unsecured rating was raised because it
ranks higher than Qwest Communications' secured revolving
credit line, which was raised to "BBB-minus" to reflect
recovery prospects, S&P said in a statement.




The senior unsecured rating on Qwest Corp. was raised by
one notch to "BBB-minus," the lowest investment grade, from
"BB-plus." Its corporate credit rating was left unchanged at
"BB," the second-highest junk rating.


Read more at Reuters.com Bonds News

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